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Second quarter performance pushes Ageas UK COR below 100%

Ant Middle, Ageas

Ageas UK has reported a post-tax profit of £22.8m for the first half of 2020 reversing a loss of £2.7m in the first quarter.

However the loss in Q1 when the provider took a £23.5m hit from storms Dennis and Ciara still meant the half year profit was 50% below the £45.4m achieved in the first six months of 2019.

The insurer

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